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Saipem completes sale of onshore drilling business to KCA

October 29, 2022
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The closing of the sale of Saipem's onshore drilling business to KCA Deutag has been completed following the agreement announced on 1st June, 2022. Specifically, the activities in Saudi Arabia, Congo, United Arab Emirates and Morocco have been transferred. The agreement provides for the sale of the entirety of Saipem's onshore drilling operations to KCAD that includes the

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Island Drilling awarded contract with Dana Petroleum

October 29, 2022
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Island Drilling Company announced they have signed a contract with Dana Petroleum (E&P) Limited to provide the Island Innovator drilling unit and associated services for a work program in the UK in 2023. The commencement is in April 2023. The work is for 3 firm and 1 optional well. The firm work is estimated to 80 days and the

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Sembcorp Marine acquires Keppel O&M

October 29, 2022
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Sembcorp Marine has entered into an Amended and Restated Combination Framework Agreement with Keppel Corporation which sets out the revised transaction structure and terms on which the Proposed Combination of Sembcorp Marine and Keppel Offshore & Marine ('Keppel O&M') will be effected. Simplified Transaction Structure Under the Revised Structure and Terms, Sembcorp Marine will now directly acquire 100% of Keppel O&M from Keppel. There

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SLB acquires Gyrodata

October 29, 2022
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SLB has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions. This combination will improve wellbore quality and reduce drilling risk to unlock even the most remote and complex reservoirs.

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Exxon adds two new discoveries to Guyana

October 29, 2022
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ExxonMobil has announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds the industry average. 'Our unrivaled exploration success and accelerated pace of development

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DOF announces more work in Brazil, West Africa and the North Sea

October 29, 2022
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The DOF Group announced extension of a contract in Brazil and new contracts in West-Africa and in the North Sea. Petrobras has awarded an extension of the Skandi Amazonas contract with Norskan Offshore Ltda until March 2023. Skandi Amazonas is a 21.000 class Brazilian flagged AHTS vessel. DOF Subsea has have been awarded a contract to support a FPU

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Weatherford bags long term contracts with Aramco and PDO

October 29, 2022
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Weatherford International plc announced it has been awarded a three-year, lump-sum turnkey (LSTK) contract with Saudi Aramco (“Aramco”) to deliver drilling and intervention services. As part of this contract, the Weatherford Integrated Services and Projects (ISP) team will plan and execute all aspects of the operations, including Weatherford product lines and associated services, to deliver 45 wells per

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COSL lands long term contracts in the middle east

October 29, 2022
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China Oilfield Services Limited has made a major breakthrough in overseas markets. The Company has signed several long-term drilling rig service contracts with a first-class international oil company in the Middle East, with a total contract amount of approximately RMB14 billion. This indicates a new stage of deepening cooperation between the Company and international oil companies in

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Schlumberger Rebrands

October 29, 2022
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Schlumberger has announced its new name - SLB - underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one under

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